- Borrow up to £10001
- Trusted lenders only
- Payouts within 24 hours
- Responsible lending policy
- Alternatives available
Payday loans are well known for their speed – they’re the perfect type of finance when you need some help urgently. However, not many people realise just how fast applying for payday loans really is. Same day loans are the fastest type of payday loans around and they offer exactly what the name suggests – a loan that is available on the same day that you apply for it. Some lenders are so fast that you could even have the money in your bank account within an hour of making the application.
So why might you need a loan in 24 hours? This type of finance has been perfectly designed for those situations where you’re having a bit of a financial emergency. They’re ideal for short term borrowing to cover an unexpected hole in your finances, to give you the flexibility to keep going until you next get paid. So, you might find same day loans help you keep your finances on the straight and narrow by providing cover to meet unexpected one off bills or by supplying the cash to cover a payment that is necessary to fix an emergency. There are plenty of other options available for longer term borrowing but if you’re just looking for a short term financial fix then same day loans are quick, easy and very convenient.
How do these loans work? They are fast because that’s exactly what they have been designed to be. The entire process is carried out online, which takes away the waiting and ensures that there are no delays in processing an application. Loans are paid directly into your bank account by instant bank transfer, which also ensures that the process is as quick and as straightforward as possible.
If you want to apply for a same day loan then you need to be at least 18 years old and a UK resident with a UK bank account. To make sure the process is as fast as possible, be sure to have information ready on your employment situation – you need to have a regular job to be successful when applying for one - and your income & outgoings. Lenders are required to ensure that you can afford to repay the loan. They are also likely to run a credit check.
So, essentially the process of applying for same day loans goes like this:
As you can see the process has been streamlined to remove all obstacles and delays – it really is possible to have the cash loan the same day. Straight in to your bank account within an hour of making the application, perfect for meeting an unexpected need.
1 Subject to application being approved by the lender. Not all lenders are able to provide up to £1000.
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